Oct 30, 2012 7:00am EDT
of the circumstances on the ground. the message from the imf from example is that if you go too fast with deficit reduction, you may make the economy even worse adn so worse than the situation you are trying to cure. the argument is by enforcing strict rules, you make the patients iller. that message will come across loud and clear. the five people met 24 hours ago and made the same case. he agreed with them. when they meet chancellor angela merkel, it will not be an open door. i am sure it will be very polite and a lot of listening. there is no sign of much movement from the german government. >> i do not suppose it helped angela merkel when we look at the employment figures coming out today. not comfortable. >> no, because the argument becomes very, very real if your own economy is slowing down. the figures from germany showed the rate of unemployment remaining the same but the actual number going up a little bit. the movement is in the wrong direction. maybe the economy needs a bit of stimulus. >> thanks very much. a former serbian army chief is appealing his conviction of crimes against human
Nov 2, 2012 7:00am EDT
? would you want a full you are more years with trillion dollar deficits every year? >> both campaigns are playing the confidence game. both sounded upbeat about their candidate's chances and who can blame them when the polls are so close. behind the scenes, they must be very nervous. bbc news, washington. " there's good news for burma. the world bank has proposed development grants of $80 million and will provide another $160 million of credit once the country has cleared its existing debt. it's helping with the asian development bank and international monetary fund. this is after a year of political reform. we are joined by our bbc editor for the burmese service. >> the money is going to be used primarily to provide financial governance to the government and, also, to create conditions for growth and jobs. that's where the money is going to be spent. this is a tremendous boost to the burmese government, because in the last 20 decades there were western sanctions and it had not received any assistance financially from institutions such as the world bank and the asian development bank.